Could anyone tell me where to start with all this investing stuff? I know a little and I plan on putting $5000 into a roth ira account in the next couple months, but I would like to know how to actually get into buying stocks. I know you need to research it but what are some good sources. I was thinking of just taking a few investment type classes in school or over this coming summer.

On another note I've always wondered if you could buy a ton of penny stocks and when they go up a few cents just sell them? Like for instance say a penny stock is 2 cents and you buy $50 dollars worth which = 2500 shares and then it goes up to 10 cents the next day could you just sell it for $250 making $200? Something just makes me feel like that is just way to easy.

Read 'How to Make Money in Stocks' by William Oneill and 'Reminiscences of a Stock Operator' by Edwin Lefevre. Sign up on Stocktwits. Read about Fundamental Analysis and Technical/Chart Analysis. Use Finviz.com stockcharts.com freestockcharts.com Sign up for a brokerage account through scottrade, fidelity, charleschwabb, etrade. Don't get greedy. Penny stocks is more like gambling.

Man I'm subbing to this, awesome info please keep it coming

Hey everyone :hello:
I'm probably the youngest one on this thread (I'm 20)
I tend to avoid the age question as I've noticed people tend to ignore me once they realize in half their age and of course assume the worst.. then they see my car and say "did your parents buy that for you too" i work my butt of for my things :shakes head: oh well

anyways, great thread! lots of good info. Ive been interested in the market for a while now, and although i may not have much money, or resources to play with, i try my best :) or at least, I try to try lol. I've had KOF for a while now and it just keeps growing. so if anyone has any advice for me, shoot away, I'm all ears :tiphat:

Yeah, there's defintely a catch to doing what you describe. First, you say "when" they go up. There's a reason they're penny stocks. If they were worth more than that they would cost more (not always, but usually). Also, in the example where you just made $200 bucks in a day, you left out taxes (disregard if you're doing this in your IRA). Then you've got to consider the transaction costs. Depending on where your account is, you may have to pay between $7-50 bucks for the buy and again on the sell. Plus, your 2500 shares is a large (ish) quantity, so you may pay a surcharge on top of the normal comission.

I've always had good luck by taking out the amount of my original investment when the position doubles, and letting the gains stay in. Then it's house money, and you can take your original investment and buy something else. Wash, rinse, repeat.

Best method right there. Hit the nail on the head. Pennies make it easier to do so due to the big jumps, but... it can just as quickly go down and all you can do is sit and wait.

Do you do more big money stocks or lower penny to 1+$ ones?

I tend to stay away from the OTC stuff, unless I'm just gambling. For the rest of it, 1/3 munis, 1/3 solid dividend payers, 1/3 small/mid cap growth. Occasionally buy some calls around earnings time and sell them after the earnings release.

If im viewing this video right you seem to be one rich mother fu....
This makes me want to learn how to trade.

Haha I have seen this videos posted by A different person once before. Not this guy probably, but very good nonetheless.

Trading is Speculation and not Investing.

Just make sure you know the difference...Investing is a long term strategy..Speculation or Trading is a short term strategy.

There are inherent risks involved with both..

Any other 4x people here?

Have you guys heard of forex striker? Seems pretty cool. Im trying to get into the investing game and im thinking about trying this. Anyone knows how much it costs? Or do they just charge fees on earnings?

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I use forex.com not sure what forex striker is. Most forex charge a spread. Like say you by the dollar against then yen at 79.261 the sell for the dollar will be about 1.2 pips lower at 79.249. Win or lose the forex dealer gets their money. And first starting out I highly recommend doing mini lots(10000 of currency). Some recommend turning your leverage rate down from a 50:1 to a 20:1. But I personally never had a problem with it. Opening a practice account is your best bet. Also picking a few pairs to start with like USD/JPY or GBP/USD for starters, and seeing what economic data it's sensitive to. If you pick USD/JPY what for treasury data in the next 48 hrs, cause USD/JPY is very sensitive to Us Treasury data.

yea ive been reading alot lately and keep reading that opening a practice account is a must for newbs. will start a practice account later today when im off work. what brokerage do you use if you dont mind me asking? and what made you choose them?

Well gents, right now I am kicking myself for my own greed. Got into a really good pick @ around 945 on Tuesday morning for a decent price.

By EOD I was up a hefty amt but kept it in there to see how the morning trade would fair. ...

Popped right back down with a EOD bump in volume, now just a waiting game I guess until there is some more news...

I am intrigued at the possible upswing of this pick. No-hype, low low float and great shares. It will be a big winner in my opinion! PM me if anyone wants to research into it :)

I don't invest. I'm married to a doctor and I spend. I love my life.

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Hahahaha that's what's up. Your probably safer off :)

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How about that Tesla stock this past week running up over 40%!
Wish I had extra money to play with

If you guys dont know this already but Fannie Mae and Freddie Mac have gone up by a ton the last 2 days.

I bought in about a year ago at $.25... I bought about 1000 shares.

Right now the shares are at $1.40 as of this morning. Yesterday they were at $.90

Get on it guys and make some money!

I am up $330 as of this morning.

Wow the Fs are moving huh?! Thats a great gain and no shame in a 300+ gain!

I actually have been a little down on myself from getting out of VDSC early. I exited with a nice profit @ .088 on Friday but...

Monday morning until now it has run to around .13-15. .. :ugh2:

Its all good though cant be greedy!

Quit your bitching. I bought SIRI at .11 and sold it at .75. Now it's at 3.57. :p

HAHA I assessed buying SIRI about 6 months ago. It was at $2.10.

I shot myself in the foot on that one haha!

:bowrofl::roflpuke2:


You summmmmahh biatch!!

Gotta love SIRI.

I actually saw an alert that it had made some great gains today. :tup: Too soon Juniorr!!

Win some, lose some. As long as its a profit :p

I'm ok with it. It went 7x for me. Sent my gf and I on a nice vacation. It would have been nice to have it keep running, but oh well. These deals are like buses. If you wait, another will come along.

UPDATE:

GO BUY FNMA/FMCC!

I bought in at $.25 & then more at $.78 and now the stock is trading at $2.04!

BUY ABOUT 250 OF THEM. PRICE IS GOING UP.

In 2 months, Ive made $1600 off these 2 stocks.

Great call going to check it out now. Super gains!

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Good call, looking into it as well.

what's the short term/long term outlook on SIRI?

Making all kinds of GAINZ.
http://s7.postimg.org/seumialvv/Scre...8_50_13_AM.png

If you want to trade it, fine. It's not a long term hold. Their numbers just don't work. All of their "subscribers" are car manufacturers offering the free year in new cars. Once that's up, few people renew. It's up because auto sales are up.

:tup: That's what I was thinking. Their business model seems to be weak. I don't see them having sustained long term growth

SIRI was at $2.30 around 8 months or so ago.

At $3.45 they have made some people some money, but at the same time, I dont know how much longer their model will hold up.

Out of 3 cars my family has owned, we took the free year and never signed back up.

I use my IPOD and for the annual cost, it just wasnt worth it.

As soon as new car sales fall off, so will SIRI.

I wonder sometimes why they did not try the Pandora model. Free with limited commercials (1 30 second commercial after every 4-5 songs) or pay for 0 commercials.

Exactly^^

GUYS UPDATE:

$2.65 ON FANNIE MAE & FREDDIE MAC... YESTERDAY I SAID IT JUMPED TO $2.04.

And a few days before that it was under a dollar.

GO BUY & MAKE SOME MONEY.

I got in on it yesterday.

$2.85...

I was reading on yahoo finance that they are going to try and keep costs around $5-10 in order to maintain affordability and high growth. Don't know how accurate that is.

Anyways, im glad you jumped on it! My overall buyin is around $1.17 per share for both FMCC & FNMA! I have hope that in the next year itll be a $20 share. And in 4 years itll be $60. I am optimistic though!

If you bought in at 1.17 and it's sitting at 2.85, the smart move is to sell half. That way you can buy something else and diversify your portfolio. The remaining half you can let ride as long as you feel comfortable. You may be a little optimistic on how high they can go. I'd sell the rest at ten and be perfectly content.